News / Business
(NYSE: DPS) Beat Estimates, Shares Down
Shares Down
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Dr Pepper Snapple Group Inc. (NYSE:DPS) declined 4% to $26.69 after the company said Thursday its third-quarter profit was $151 million, or 59 cents a share, compared to $106 million, or 41 cents a share, in the year-ago period. Net sales were $1.4 billion, down 4%. Excluding certain items, profit was 54 cents a share, said the Plano, Texas soft drinks maker. Analysts had on average expected profit of 49 cents a share on sales of $1.4 billion, according to FactSet Research. Dr Pepper Snapple said it expects 2009 profit to be between $2.12 to $2.16 a share, or $1.92 to $1.96 on an adjusted basis.
Dr Pepper Snapple Group, Inc. (DPS) is an integrated brand owner, bottler and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a portfolio of flavored (non-cola) carbonated soft drinks (CSD) and non-carbonated beverages (NCB), including ready-to-drink teas, juices, juice drinks and mixers.
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